Bizjrnl Aug2011 A Section

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2A TheBusinessJournal August2011

MoversShakers

AmyJ. Leachhas beennamed thedirector of

market-ing andpublic rela-tions forBlanchardValleyHealthSystem(BVHS).She willlead and oversee the Health Systems mar-keting and public relations efforts, includingadvertising, media relations, community

awareness and internal communication.We are delighted to welcome Amy to

our team, said Chris Press, president ofBlanchard Valley Hospital and BlufftonHospital. We are pleased to have found anindividual whose energy and talent matchesthe culture here at BVHS and in our com-munity.

Leach has nearly 20 years of professionalexperience in marketing, public relationsand business management. Prior to joiningBlanchard Valley Health System, she servedas the director of marketing and public re-lations for Pleasant Valley Hospital in PointPleasant, WV. Additionally, she also servedas the director of auxiliary and volunteer ser-vices and the managing director of the Pleas-ant Valley Hospital Foundation.

Leach is a graduate of West VirginiaUniversity in Morgantown, WV where sheearned a Bachelor of Science degree in 1990and a Master of Science degree in 1992.

A West Virginia native, Leach has beenactive in her community. She has servedas a member of the board of directors andmarketing chairman for the Mason CountyCommunity Foundation, vice president of anart gallery that places emphasis on youth arteducation, member of the board of directorsfor the Lakin Correctional Center for Womenand has served as an adjunct professor forMarshall University.

I am delighted to have the opportunity tojoin an organization with such a rich legacy,praised Leach. I look forward to workingwith my new colleagues to further estab-lish Blanchard Valley Health System as thehealth care leader in Northwest Ohio.

_________________

Blanchard Valley Health System pro-vides a total continuum of care to more than100,000 households in an eight-county area.The BVHS mission is to provide a broadcontinuum of exceptional health-related ser-vices in Northwest Ohio.

BVHS names

Director of Marketing

and Public Relations

Amy J. Leach


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August2011 TheBusinessJournal 3A

MoversShakers

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Citizens National Bank is proud to an-

nounce the promotion of Angela Reckerand Scott Sheipline to Vice Presidents ofCredit Analysis. Responsibilities for theirpositions include underwriting commer-cial and agricultural loan requests andanalyzing financial information to assistwith lending decisions.

An employee of Citizens National Banksince 2001, Recker received her Bachelorof Science in Accounting from Interna-

tional Business College in Fort Wayne,

IN. She is a member of St. John the Bap-tist Catholic Church in Glandorf, OH andenjoys spending her free time with herhusband, Kyle, and their four children.

Sheipline received his Bachelor of Sci-ence in Business Administration from theOhio State University. He has been em-ployed with CNB since 2005. Sheiplineis a member of St. Matthew LutheranChurch in Shawnee, OH. He and his wife,Natalie, spend most of their time withtheir one year old daughter, Avery.

With offices in Bluffton, Celina, Elida,Findlay, Lima, Springfield, Van Wert andDefiance, Citizens National Bank has as-sets totaling more than $560 million andhas been serving the communities of WestCentral Ohio since 1920.

Two Promoted to VPat Citizens National Bank

BusinessJournal

THE

ofWestCentralOhioVolume19,No.9

PublisherDonaldR.HempleContributingWritersJeffreyGitomer

AdvertisingDonaldR.HempleTheBusinessJournalismailedtothetopbusinessleadersinthe11-countyregionofWestCentralOhio.Althoughinfor-mationisgatheredfromsourcesconsideredtobereliable,theaccuracyandcompletenessoftheinformationcannotbeguaranteed.InformationexpressedinTheBusinessJournaldoesnotconstituteasolicitationforthepurchaseorsaleofanyproducts.

Copyright,TheBusinessJournalofWestCentralOhio,2006,Allrightsreserved.Reproductionoruse,withoutwrittenper-missionofeditorial,photographicorothergraphiccontentinanymannerisprohibited.TheBusinessJournalispublishedmonthlyat405N.MainSt.,Delphos,OH45833

ContactUs

Telephone 419-999-4762

DonHemple 419-695-0015ext.138

MarilynHoffman 419-695-0015ext.131

StacyPrine 419-695-0015ext.129

AmandaWatkins 419-695-0015ext.128

tol l free 800-589-6950

Mail405N.MainSt.,Delphos,OH45833-1598

Forinformationconcerningnews,advertisingandsubscriptione-mailusat:[email protected]@delphosherald.com

www.businessjrnl.com


4/124A TheBusinessJournal August2011

First Defiance Financial Corp. AcquiresPayak-Dubbs Insurance Agency

Friends boasts top sales for 2010

Toledo area agency acquiredby Subsidiary First Insurance& Investments

DEFIANCE, Ohio, July 1, 2011 /PRNewswire/ -- First Defiance FinancialCorp. (NASDAQ: FDEF) announced todaythat its subsidiary, First Insurance & Invest-ments, Inc., has acquired the business ofPayak-Dubbs Insurance Agency, Inc., an in-dependent property and casualty insuranceagency with two office locations based inMaumee and Oregon, Ohio.

The acquisition adds to the companys

community financial services platform innorthwest Ohio, southeast Michigan andnortheast Indiana, which includes 33 FirstFederal Bank of the Midwest locations aswell as the First Insurance & Investmentsoffices in Defiance, Bowling Green, Bryanand Archbold. This acquisition expands First

Insurance & Investments presence into ad- jacent markets and supports the companysoverall growth strategy.

Payak-Dubbs has a strong communitypresence in both Maumee and Oregon,stated William J. Small, Chairman, Presi-dent and CEO of First Defiance. It hasa solid base of clients that will be a goodcomplement to our existing franchise. Inaddition, we believe that First Insurancesreputation of client service, combined withthe additional resources we can offer, willbenefit individual and business clients in thegreater Toledo area.

First Insurance & Investments is an

ideal partner for us, said John Payak ofPayak-Dubbs. We are excited about theopportunities for our combined companyto expand product offerings to our existingclients, and extend our reach to other com-munities in northwest Ohio. Were reallyexcited about the fit that First Insurance is

for us and our clients, said Marty Dubbsof Payak-Dubbs. First Insurances dedica-tion and commitment to serving their clientsis consistent with the way we do business,which makes it a perfect fit.

We expect to quickly integrate theagency into First Insurance & Investmentswith no disruption to clients, said DonaldHileman, CEO of First Insurance & Invest-ments. Our agency management softwaresystems are comparable, as are the majorityof our carriers, so client coverage and state-ments will be unaffected. Most importantly,the existing agents and staff will remain inplace in their current offices. We look for-

ward to working with the staff and clientsof Payak-Dubbs for a seamless transition.I am excited with the opportunity to haveJohn and Marty join our management teamand assist

in the development of the First Insurancebrand in our market area. We expect that

these two already very successful insuranceprofessionals will bring an added dimensionof expertise and senior level managementexperience to our growing Agency.

First Insurance & Investments was coun-seled by MarshBerry, a leading advisor toinsurance firms, and Vorys, Sater, Seymourand Pease, LLP, its legal counsel.

Payak-Dubbs Insurance Agency wascounseled by Niehaus & Associates, Ltd.,its legal counsel.

About First Defiance Financial Corp.First Defiance Financial Corp. is the

holding company for First Federal Bank ofthe Midwest and First Insurance & Invest-

ments. First Federal Bank is a communitybank serving northwest Ohio, southeastMichigan, and northeast Indiana where itcurrently operates 33 banking centers. FirstInsurance & Investments is a full line insur-ance agency with offices in Defiance, Bowl-ing Green, Archbold and Bryan, Ohio.

Friends boasts top sales for 2010OHIO 2010 proved a successful year

for Friends Business Source in Janitorial

and Breakroom supply sales based on theirreceipt of the Afflink award Top Sales in a

Non-traditional Sales Channel.Vice President of Opera-

tions for Friends, Dale Alt,attended Afflinks NationalMeeting this past Monday,June 27 in Nashville, Tennes-see at the Gaylord OrylandHotel.

Were quite proud of be-ing named a leading distribu-tor by a well-known organi-zation and, most importantly,providing our customer base

with the materials they needto run their daily businesses

through our partnership with Afflink.More than a traditional buying group,

AFFLINK is a Member-driven sales andmarketing organization that links manufac-turers of janitorial, packaging, food service,safety, MRO and office supplies togetherwith distributors to deliver integrated sup-ply solutions to thousands of customersthroughout North America.

According to CEO and President, KenSchroeder, Friends plans to continue togrow and extend its Janitorial and Break-room supply services throughout 2011.

Its 100% about the end-user and whatthey need to grow and enhance their busi-

ness within our communities. Friends con-tinues to stand by its motto of truly offering

everything for people at work.Friends Business Source is one of Ohios

largest independently owned office supplydealers. For over 45 years, Friends has beenpartnering with companies and school dis-tricts throughout Ohio, southeastern Michi-gan, and now in Pennsylvania, in order tomaintain the best service and supply of of-fice and school related products. They spe-cialize in office supplies, office furniture,catalog machines, educational services andsupplies, coffee supplies and technology,custom print orders, promotional products,branded apparel, as well as janitorial andbreak room supplies. As a single source

supplier, Friends truly has everything forpeople at work.

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August2011TheBusinessJournal 5A

Amazon.com Inc. (AMZN) drew atten-tion from landlords in March when it leasedmost of a 36-story downtown Seattle towerbuilt during the recession, a sign that tech-nology job growth would help lift U.S. of-fice rents and occupancies.

The reduction of big blocks of space isalways the first indicator of recovery, saidPatrick Callahan, chief executive officer ofUrban Renaissance Group, a Seattle-basedcommercial real estate developer and inves-tor that manages about 2 million square feet(186,000 square meters) of properties.

The U.S. office market gained 3.7 mil-lion square feet of net occupied space in thethree months through June, the third straightquarterly increase, Reis Inc. (REIS) saidtoday. Vacancies fell or were unchanged innine of the 10 largest office markets, anddeclined in more than half of the 79 metro-politan areas surveyed, the New York-basedproperty-research firm said.

Demand for space from technology com-panies is leading a rebound in U.S. officerents. Groupon Inc., the Chicago-basedcoupon-website operator, in June signed alease for a 40,000- square-foot building inPalo Alto, California, to house its grow-ing Silicon Valley product and engineeringstaff. The building, at 3101 Park Blvd., ismore than triple the size of Groupons cur-rent space in the city, said Julie Mossler, aspokeswoman for the company.

Climbing RentsRising demand in large U.S. cities is

helping increase effective rents, or what ten-ants pay after such landlord concessions asrent-free months. Effective rents rose in sixof the top 10 markets last quarter, Reis said.San Francisco climbed the most, gaining 6percent from a year earlier, according to the

firm.Northern California in the last sixmonths has shown tremendous strength,said Frank Cohen, a senior managing direc-tor in real estate for Blackstone Group LP(BX), whose Equity Office unit has stakesin 19 million square feet of of-fice space in the San FranciscoBay area and Silicon Valley.

Demand from technologycompanies helped drive ask-ing rents in San Francisco upto $40.06 a square foot in the

second quarter, a 19 percentincrease from a year earlierand the biggest advance infour years, according to JonesLang LaSalle Inc. (JLL) Netabsorption totaled almost 1.3million square feet in the 12

months ended June 30, making San Francis-co the nations top-performing office mar-ket, the Chicago-based broker said.

New YorkNew York, Boston and San Jose, Califor-

nia, also were among the top 10 markets ineffective rent growth in the second quarter,Reis said. Demand from financial servicesand media companies drove the gains inNew York, while technology and life-sci-ences tenants buoyed the Boston area, Co-hen said. Technology demand also is strongin Austin, Texas, he said.

In markets that have had the mostgrowth, weve seen blocks of space dwindleand we are seeing strong increases in rent,Cohen said in a telephone interview fromNew York. In midtown Manhattan, EquityOffice has boosted gross rents by as much as30 percent since the beginning of last year,he said.

New space coming onto the market pre-vented a decline in the national office va-cancy rate, which was unchanged from thefirst quarter at 17.5 percent, Reis said. Ayear ago, the rate was 17.4 percent. A totalof 1.8 million square feet of new space be-came available, the lowest since Reis beganpublishing quarterly data in 1999.

Financial services, insurance and real es-tate companies are the largest users of officespace, accounting for almost 22 percent ofthe U.S. total, according to CoStar GroupInc. (CSGP) Services companies, includingtechnology, are second, at 14 percent, ac-cording to the Washington-based researchcompany.

Turning PointConcessions are down and rents are up,

said Ada Healey, vice president of real es-tate at Seattle-based Vulcan Inc., billionaire

Paul Allens investment and developmentcompany. Amazon.coms lease at SchnitzerWest LLCs 1918 Eighth Ave., in SeattlesDenny Triangle neighborhood, was clearlya turning point in the citys office market,Healey said.

Employers in the U.S. probably expand-ed payrolls by 100,000 workers last monthafter a 54,000 increase in May that was thesmallest in eight months, according to themedian forecast of economists surveyed byBloomberg News ahead of Labor Depart-ment data due July 8. The jobless rate heldat 9.1 percent.

The jobs were getting are in office-us-ing industries, said Asieh Mansour, head ofAmericas research for Los Angeles- basedCB Richard Ellis Group Inc. (CBG), thelargest commercial property services com-pany. The trend in leasing is up.

Office REITs ClimbThe Bloomberg Office Real Estate In-

vestment Trust Index has climbed 45 per-cent after dividends during the past year,more than the 33 percent gain for the Stan-dard & Poors 500 Index.

Office buildings in central business dis-tricts are seeing the biggest increases in de-mand, as corporate tenants flock to urbanareas with such amenities as restaurants andpublic transit, Mansour said. In past recov-eries, suburban office markets typically im-proved first as small businesses leased spacein those areas, she said.

This is the first time Ive seen this,Mansour said. In this cycle, small busi-nesses sat on the sidelines. They dont haveaccess to credit, to bank loans. Whats driv-ing the recovery is the big companies.

The technology industry accounted forabout a third of net new leases in the SanFrancisco Bay area so far this year, followedby financial services at 20 percent, Mansoursaid. Five years ago, the predominant officeusers in the area were financial services andlaw firms, she said.

Reis expects rents and occupancies to

continue to improve in the second half ofthe year, said Ryan Severino, an economistat the firm. Increases may be hurt by the ad-

dition of fewer jobs than economists expectand the continued impact of such global dis-ruptions as the earthquake and tsunami inJapan, he said in todays report.

Recent developments in the economyserve as a stark reminder that this will be aprotracted and inconsistent recovery in theoffice market, Severino wrote.

Technology leads rebound in officerents as occupancy rises

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August 2011 TheBusinessJournal 7A

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SENIOR LIFESTYLE CHOICES

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IS BUILT ON BORROWINGDECISIONS YOU MAKERIGHT ABOUTNOW.

As a business owner, you face tough decisions every day. Like deciding if

and when you should borrow. A Huntington Business Banker can help.

Now is the time to reach out. At Huntington Business Banking, we take

the time to understand your specific business needs and help you make

borrowing decisions that are right for you. In 2010, we committed to

lending $4 billion to local businesses over a three-year period, so if you

decide youre ready, well be there to support you every step of the way.

Its what youd expect from the #1 SBA lender.1

To learn more or speak with a Business Banker, stop by your localHuntington branch or call 1-866-808-8913.

1Huntington is the #1 SBA 7(a) lender in the region made up of Indiana, Kentucky, Ohio, Michigan,West Virginia and Western PA. Source: U.S. SBA from October 1, 2007, through June 30, 2011.

Member FDIC.B and Huntington are federally registered service marks of HuntingtonBancshares Incorporated. Huntington. Welcome.TM is a service mark of Huntington BancsharesIncorporated. 2011 Huntington Bancshares Incorporated.

PCH earns OHAsafety awards Paulding County Hospital is among 28 hospitals being recognized by the Ohio Hospi-tal Association with its Hospital Safety Awards for successful hospital safety programsand superior employee safety records.

Based on Occupational Health and Safety Administration (OSHA) reportable inci-dents, the local hospital was named OHAs Outstanding Progress Winner when it an-nounced its Hospital Safety Awards on Monday.

To qualify for this honor, the hospital had to have the most improved (employee)injury rate over the past year.

Not only did the local medical facility earn this award, but it was also included in afour-way tie as a group winner in the 201-350 employee level.

Their (Paulding County Hospital) record moved them right up to the top of theirgroup, then they took the top award, said OHAs Tiffany Himmelreich in a telephone

interview. I dont believe weve seen that before.OSHA regulations prevent Himmelreich from sharing specifics on the number ofincidents or the percentage of improvement at Paulding County Hospital.

A plaque will be presented to hospital administrators at a later date.Twenty-eight of the 74 participating OHA hospitals and health systems across the

state were honored for their successful hospital safety programs and superior employeesafety records.

Hospitals are divided into nine groups based on the number of their employees. Thesafety awards were established in 1953 by OHA and the Industrial Commission of Ohioto promote workplace safety.


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According to research,those businesses seek-

ing the advantages of

being perceived as having

greater resources, being

a leader and being more

experienced should uti-

lize the strategy of larger,more colorful, more fre-

quent advertising.

Lima, OhioCheng-Hsiung Pan, M.D.,ear, nose and throat specialist, recently

joined the medical staff at Lima MemorialHospital.

Dr. Pan has more than 30 years experi-ence in otorhinolaryngology. He special-izes in ear tubes, tonsillitis, sinus surgery,allergy diagnosis and treatment, and many

other ear, nose and throat conditions.Most recently, Dr. Pan practiced at Great

Plains Regional Medical Center in Elk City,Okla. He had a solo practice in otorhinolar-yngology at East Liverpool City Hospitalin East Liverpool, Ohio for 24 years. Heearned his medical degree from NationalTaiwan University College of Medicine.He is certified by the American Board ofOtolaryngology and a fellow of the Ameri-can Academy of Otolaryngology-Head andNeck Surgery.

Ever since his three sons were young,

Dr. Pan has enjoyed volunteering with theAmerican Red Cross and advising youngswimmers on ways to prevent swimmersear. Returning to Ohio feels like cominghome, he says. His three sons have fol-lowed in his footsteps, all becoming physi-cians.

Dr. Cheng-

Hsiung Pan

joins Lima

MemorialHealth System


10/12

i f


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Making it in the real world following col-lege graduation is the key to a bright career

and a brilliant future of self-fulfillment andaccomplishment.College graduates possess key skills

and abilities in various fields due to theircomprehensive education. Employers lookfor these skills to benefit the organizationand functioning of the workplace. Havingknowledge and transferrable experience ina job helps college graduates maintain theirpositions once hired. Therefore, job securitycan be directly related to educational attain-ment levels.

Bright Future Outlook for High School

GraduatesAccording to Porter (2002), Public ben-efits of attending college include increasedtax revenues, greater workplace productiv-ity, increased consumption, increased work-force flexibility and decreased reliance ongovernment financial support (para. 8).Therefore, high school students should as-pire to go to college in order to secure theircareers and their futures. Once in college,these students strive to achieve success in

order to fulfill personal ambition.By pursuing degrees in major fields of

study, students can improve their chancesof finding and keeping a good job. For in-stance, majoring in education substantiallyincreases the students chances of pursuinga teaching career four years later and has aweak negative effect on pursuit of a busi-ness career (Astin, 1993, p. 370).

Likewise, other fields such as businessand engineering have positive job outlooksfor college graduates. If a college graduatehas spent at least four years studying a par-ticular field, then he or she is more likely toadvance in a career that utilizes his or her

abilities in that area.College Graduates Contribute to aTechnological Workforce

Since a college degree is an advantage intodays workforce, graduates face less pres-sure to find good jobs. These graduates canoften enter the job market with the expecta-tion that they will find high salaried posi-tions with great benefits. This strengthensthe argument that going to colleges is a goodinvestment of a students time and energy.

It is a fact that as society advances interms of technology, available jobs require

increased skill levels from their applicants.Years ago, there were many jobs availablethat required little or no skills. However,over the generation the number of jobsavailable for those without a college edu-cation steadily decreased. Now, industriesseek out college graduates who are capablein engineering, management, and businessadministration.

Moreover, employers want to retainworkers who are able to excel in the work-place. In order to avoid the costs of train-ing unskilled labor, employers tend to prefer

hiring skilled labor that is competent andefficient. As a result, college graduates arecourted by employers who desire to buildeffective employee bases. Employers wantpeople who they can rely on to performtasks efficiently.

College Graduates Gain the Benefitsof Steady Employment

Statistics show that over the last severaldecades, there has been a steady increasein the number of people earning a degree

(Astin, 1993). This has led to a college-edu-cated workforce that desires long-term pay-

offs such as more career options and lowerunemployment. Furthermore, an educatedworker is more likely to stay in a positiondue to its salary and benefits.

In addition to higher job security, theavailability of employer-sponsored healthand pension plans increase with every levelof education completed (Study: High-er Education Improves, 2008, para. 6).Hence, workers who reap these benefits areless likely to seek a change in employment.They want to keep the benefits while secur-ing a future with their employers.

This creates a secure work environmentfor both the employer and the employee. It isprojected that most jobs in the United Stateswill require a college degree and that posi-tions and careers for college graduates areexpected to be the fasted growing categoryof employment in the country for the periodof 2000 2012 (Why College, 2008).College definitely helps students who areplanning to pursue employment opportuni-ties that require college-level training.

How a college education fostersjob security and career success


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12A TheBusinessJournal August2011

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Bizjrnl Aug2011 A Section